After analysing BTCUSD Index Chart ( look at the whole chart ) i came to the next conclusion :
1. We are extremely near the bottom.
2. Every cycles goes more slowly and more lower % of profit ( because it will end up like SPX and reborn as stock markets with big capitalization and low volatility ) .
3. As u can see from the Chart - every cycle has few periods :
At first, of course , we can see very strong bull market ( Purple Ellipses ). Then comes bear market with 2 manipulations ( Fakeouts – Red Ellipses ) and accumulation phase ( Green Ellipses ) after. Then we have second bull wave with a Big Manipulation phase ( Yellow Triangles ) which also has 2 fakeouts and re-accumulation phase . Then cycle ends with the last bull wave and everything starts from the beginning.
4. As u can see from the Chart – High of Yellow Triangles ( Big Manipulation Phase ) was near Fibonacci Level 1.168 ( Log scale ) of the Previous Bull&Bear Market.
5. The bottom of Yellow Triangle was in 0.236 – 0.382 fib zone of it’s Bull Wave phase ( Log Scale ) so I guess this time it will be 0.382 – 0.5 zone.
There is really lots to say. This chart requires pretty lots of time to Explain the regularities shown on my chart.I will add more thoughts about this chart soon.
My final conclusion:
As The White line breaks In both directions ( Up or Down ) – the new phase comes ( If we breakdown – then bull wave comes, if breakout – bear market comes ).
Bottom will be in 15500 – 14500 area.
High will be in 200k – 400k range.
Maybe it is just Shizotheory (I guess it is ) , but we will see. Guess it will be the real Happy New Year Rally.
Broken the Downtrend Resistance
Volumes ATH
RSI ATL
Mega Bearish Sentiment
Still above 0.5 fib
No good news
In a good Accumulation Zone
It is always hard to buy in moments like this.
Futures Setup (1x-5x):
Entry : 16-17k
SL : 15000-13500
Take :
20000
22500
25000
28000
33000
Futures Setup (1x):
Entry : 15-17k
SL : 6000
Take :
30k
60k
120k
200k
400k
1. We are extremely near the bottom.
2. Every cycles goes more slowly and more lower % of profit ( because it will end up like SPX and reborn as stock markets with big capitalization and low volatility ) .
3. As u can see from the Chart - every cycle has few periods :
At first, of course , we can see very strong bull market ( Purple Ellipses ). Then comes bear market with 2 manipulations ( Fakeouts – Red Ellipses ) and accumulation phase ( Green Ellipses ) after. Then we have second bull wave with a Big Manipulation phase ( Yellow Triangles ) which also has 2 fakeouts and re-accumulation phase . Then cycle ends with the last bull wave and everything starts from the beginning.
4. As u can see from the Chart – High of Yellow Triangles ( Big Manipulation Phase ) was near Fibonacci Level 1.168 ( Log scale ) of the Previous Bull&Bear Market.
5. The bottom of Yellow Triangle was in 0.236 – 0.382 fib zone of it’s Bull Wave phase ( Log Scale ) so I guess this time it will be 0.382 – 0.5 zone.
There is really lots to say. This chart requires pretty lots of time to Explain the regularities shown on my chart.I will add more thoughts about this chart soon.
My final conclusion:
As The White line breaks In both directions ( Up or Down ) – the new phase comes ( If we breakdown – then bull wave comes, if breakout – bear market comes ).
Bottom will be in 15500 – 14500 area.
High will be in 200k – 400k range.
Maybe it is just Shizotheory (I guess it is ) , but we will see. Guess it will be the real Happy New Year Rally.
Broken the Downtrend Resistance
Volumes ATH
RSI ATL
Mega Bearish Sentiment
Still above 0.5 fib
No good news
In a good Accumulation Zone
It is always hard to buy in moments like this.
Futures Setup (1x-5x):
Entry : 16-17k
SL : 15000-13500
Take :
20000
22500
25000
28000
33000
Futures Setup (1x):
Entry : 15-17k
SL : 6000
Take :
30k
60k
120k
200k
400k